Crude Oil Price Outlook: Crude Crafts Range, Eyes Confluent Resistance
2021-04-06 17:00:00
James Stanley,
Senior Strategist
Crude Oil Talking Points:
A riveting run in oil after the Presidential Election has finally found some element of resistance.
Prices have been range-bound for the past couple of weeks, but the preceding bullish trend was extremely consistent. Are buyers taking a break or is this prelude to a deeper reversal?
The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section.
Advertisement
To say that oil prices have been choppy of late would be an understatement. But, with a bit of perspective, that choppiness can take on form…